Market Outlook
After a gap up opening, Nifty future witnessed sustained buying interest and finally closed above 5000 levels. On option front, maximum Put OI is at 4700 followed by 4800 strike while maximum Call OI is at 5000 strike and fresh writing seen at 5100 and 5200 strikes. If Nifty future sustains above 5000 levels then it may go up to 5050-5100 levels. On downside if it fails to hold 4950 levels, then selling pressure may get intensified in the market towards 4900-4800 levels.
Derivatives Calls : Buy Crompgreav and Divislabs
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Friday, September 2, 2011
Derivatives Strategist 02 SEPTEMBER 2011
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